In the Gangnam District 3 (Gangnam, Seocho, Songpa) and Bundang, the proportion of rising transactions exceeded half in major upper-class areas of Seoul and the metropolitan area, continuing the upward trend in national apartment prices.
According to Real Estate R114 on the 30th, the nationwide apartment sale prices in the last week of this month rose by 0.08% compared to last week, showing a decrease in the rate of increase from the previous week (0.13%).
Seoul increased by 0.31%, while the metropolitan area increased by 0.13%. Gyeonggi and Incheon fell by 0.08%, indicating that the rise was primarily focused on Seoul.
The five major cities and other regions fell by 0.10% and 0.06%, respectively. Among the 17 cities and provinces nationwide, there were 3 areas with increases and 14 areas with decreases, indicating a predominance of declining regions.
In individual regions, Sejong (0.51%) and Seoul (0.31%) recorded significant increases of over 0.30%, while North Chungcheong (-0.23%), South Jeolla (-0.23%), South Chungcheong (-0.21%), and Gwangju (-0.21%) experienced declines of over 0.20%.
The nationwide apartment rental prices rose by 0.09%. In Seoul, the increase was 0.14%, in the metropolitan area 0.11%, in Gyeonggi and Incheon 0.08%, in the five major cities 0.05%, and in other regions 0.04%, showing uniform upward trends across major regions. Among the 17 cities and provinces nationwide, 16 saw increases, and 1 remained stable, indicating considerable upward pressure in most areas.
Real Estate R114 noted, "There is a mood of waiting for the results of the 21st presidential election while remaining relatively stable." They pointed out, "So far, no candidates have mentioned regulatory easing, focusing instead on announcements about tightening regulations. While it is true that regulatory easing policies are needed considering the stagnating local real estate and retail markets, there are still daily rising prices in key metropolitan areas, leading to considerable concerns."
They added, "Considering the extreme conditions of the real estate market, it seems necessary to implement a balanced policy that does not lean towards either regulatory easing or tightening," stating that, "The new government needs to quickly present specific policy directions and execution measures to enable consumers to make rational decisions."